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Jan 15, 2013
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cliff revisited. big spending cuts coming march 1st and a possible government hutdown. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. >> reporter: republicans are insisting on real spending cuts before they say okay to any more borrowing. >> they just can't sit there and say, oh, you're cutting me because you're not giving me the amount of increase that i wanted. those days are over. >> reporter: democrats argue you can't put the country's finances at risk just to get your way. >> you do not get it by threatening people to burn the house down as a way of making them come to the table. that's simply won't work. >> reporter: president obama's also working on new rules to regulate guns. vice president biden delivered his recommendation a day early and p told lawmakers the president has 19 different options that don't involve congress. the president's final plan is due out at the end of the week. from washington, i'm tra
cliff revisited. big spending cuts coming march 1st and a possible government hutdown. >> if congressional republicans refuse to pay america's bills on time, social security checks and veterans benefits will be delayed. >> reporter: republicans are insisting on real spending cuts before they say okay to any more borrowing. >> they just can't sit there and say, oh, you're cutting me because you're not giving me the amount of increase that i wanted. those days are over. >>...
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Jan 31, 2013
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economists blamed worry over the fiscal cliff and cuts in defense spending. let me point out, jon and laura, we haven't solved the fiscal cliff. we delayed it. if we go over, defense cuts will take place. it's written into the law. so we got bad news on the worry of this happening. one wonders what would happen if we went over and big jobs report tomorrow. 5:30 a.m. >> a lot going on. thanks for helping us cover it all. >>> christina loren is here to help us and talk about what's happening outside. another nice day in the neighborhood. >> a beautiful day in the neighborhood. and these beautiful days are numbered. enjoy them while they last. 37 degrees to start you out. you'll need that coat this morning in places like livermore at 42 in san francisco. 40 in san jose. by noon we're all going to exceed our seasonal averages. make sure you're ready for that. 60 degrees breaking for lunch in san jose. rounding out the day close to 70 just about everywhere. we'll take you through that seven-day forecast. it is on the way. first, mike has a traffic alert. >> we con
economists blamed worry over the fiscal cliff and cuts in defense spending. let me point out, jon and laura, we haven't solved the fiscal cliff. we delayed it. if we go over, defense cuts will take place. it's written into the law. so we got bad news on the worry of this happening. one wonders what would happen if we went over and big jobs report tomorrow. 5:30 a.m. >> a lot going on. thanks for helping us cover it all. >>> christina loren is here to help us and talk about what's...
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Jan 3, 2013
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aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day to spend billions in disaster relief, but boehner promised the new congress will vote on sandy help starting tomorrow. >> extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured, conservatives and liberals, republicans, democrats, have very different views of how to deal with issues of taxes and spending and entitlements. that's not going away. >> reporter: and this is a critical political day for john boehner, as well. we've watched him have some political setbacks in recent days, and part of a new congress is electing the speaker. john boehner's aides say despite rumbles his way, they do expect him to be elected speaker. matt? >> kelly, thank you very much. peter king is a republican house member from new york, good morning. >> good morning, matt. >> message received, speaker boehner said they'll vote on sandy relief this week for a total of $160 billion. are you
aides say boehner decided the house could not demand fiscal cliff spending cuts and vote on the same day to spend billions in disaster relief, but boehner promised the new congress will vote on sandy help starting tomorrow. >> extremely positive meeting. >> reporter: but more proof that in this political environment, every kind of issue can veer off into another crisis. >> the country is fractured, conservatives and liberals, republicans, democrats, have very different views...
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Mar 11, 2013
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fiscal cliff deal that raise taxes top 1% and spending cuts may be help but washington is still stuck. this week you saw a couple republicans, chrisyty and jeb bush gearing up to run for president by attacking washington from afar. >> appears to be the last two years bog crisis to crisis. i think people are just numb by this dysfunction. >> if anybody this this room thinks they understand washington, d.c., please come on up and stand behind the podium and you give the answers. because i don't have the first damn idea what they're doing down there. chris: har
fiscal cliff deal that raise taxes top 1% and spending cuts may be help but washington is still stuck. this week you saw a couple republicans, chrisyty and jeb bush gearing up to run for president by attacking washington from afar. >> appears to be the last two years bog crisis to crisis. i think people are just numb by this dysfunction. >> if anybody this this room thinks they understand washington, d.c., please come on up and stand behind the podium and you give the answers....
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the state finance office says the disruption of going over the fiscal cliff could have caused the state to relapse into recession. expert says it's too soon to tell whether the two-month delay on spending cuts will cause byes to hold off on hiring and other types of spending. some immediate benefits of the agreement, 400,000 californians will receive extended unemployment benefits. doctors will not see a cut in medicare payments. the agreement also keeps tax credits in place for children, college tuition, clean energy and small business. >>> a san francisco-based current tv, the channel launched by former vice president al gore has been sold to al jazeera. they made the announcement today noting that current tv and al jazeera share goals highlighting different points of view. it will allow the network to reach a larger english audience. 60% of the programing will originate in the united states. the rest will be from overseas. but al jazeera as part of the current deal will be based in new york. no word on what will happen to lieutenant governor gavin newsom's talk show which currently a
the state finance office says the disruption of going over the fiscal cliff could have caused the state to relapse into recession. expert says it's too soon to tell whether the two-month delay on spending cuts will cause byes to hold off on hiring and other types of spending. some immediate benefits of the agreement, 400,000 californians will receive extended unemployment benefits. doctors will not see a cut in medicare payments. the agreement also keeps tax credits in place for children,...
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Feb 13, 2013
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people who are wealthy in this country need to pay more beyond the fiscal cliff tax increases we got at the end of the year. you can't put it on the backs of seniors and working families. especially seniors on medicare. it means reform but not in a way that hurts current seniors. that's not the way the republican party sees it. here's the response from marco rubio last night. >> his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. this idea that our problems were caused by a government that was too small just is not true. >> reporter: president obama said it's not b about big government. it's about smarter government. he includes immigration reform -- send me e a bill, he told congress -- and dpun control. an emotional end when he referenced the dozens of victims, families and first responders who were in the room when he was giving the speech saying that congress needs to deal with reform by bringing it up for a vote, not blocking it. john? >> tracy, thank you for the update. >> as she mentioned the president spent time talking a
people who are wealthy in this country need to pay more beyond the fiscal cliff tax increases we got at the end of the year. you can't put it on the backs of seniors and working families. especially seniors on medicare. it means reform but not in a way that hurts current seniors. that's not the way the republican party sees it. here's the response from marco rubio last night. >> his solution to virtually every problem we face is for washington to tax more, borrow more and spend more. this...
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Jan 7, 2013
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in large part thanks to the temporary solution of the fiscal cliff. the next fight is ahead and that's the debt ceiling. watch out for politicians who say we shouldn't authorize more spending because they are misleading you. the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's maxed out the last one. >> reporter: a better analogy is we maxed out the credit card we have and now we have to pay the bill. paying the bill is very important to the credit rating of the united states. >> just like we all have to do. >> yeah, right. we'll keep an eye on that one, scott. thank you for breaking it down. >>> meteorologist christina loren talking 60s today for this back to work monday. >> we'll get paid with sunshine this afternoon. good monday morning to you. temperatures this morning running cool. we have patchy fog out there to make you aware of. quarter
in large part thanks to the temporary solution of the fiscal cliff. the next fight is ahead and that's the debt ceiling. watch out for politicians who say we shouldn't authorize more spending because they are misleading you. the debt ceiling vote will authorize payment of debt we already incurred. let me show you an example of someone talking about the debt ceiling and getting it wrong. >> the president is addicted to spending. he wants to spend. he wants a new credit card after he's...
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Jan 3, 2013
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leverage the fiscal cliff deal to spur, among other things, electric scooter sales. the bottom line for taxpayers has to be how much is this it going to cost you? it turns out subsidies for motorized scooters and bikes would be about $15 million over the course of two years. that figure isn't that bad. but how about the sticker shot of rum subsidies? that's right. we're paying to have rum promoted in puerto rico for $550 million a year. >> it seems ridiculous. it's wrong. >> reporter: eli rosen, a student at san jose state university fails to see the economic value of promoting puerto rican rum with hundreds of millions of taxpayer dollars. but he's onboard with extending the american opportunity tax credit. it's another portion of the fiscal deal that gives tax credits to students at a price tag in the tens of billions. >> i think we're breathing a generation of ill advantaged students coming out of the university because they haven't taken their studies seriously for these purposes, that books are too expensive. >> reporter: but if footing the costs of books seems
leverage the fiscal cliff deal to spur, among other things, electric scooter sales. the bottom line for taxpayers has to be how much is this it going to cost you? it turns out subsidies for motorized scooters and bikes would be about $15 million over the course of two years. that figure isn't that bad. but how about the sticker shot of rum subsidies? that's right. we're paying to have rum promoted in puerto rico for $550 million a year. >> it seems ridiculous. it's wrong. >>...
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Mar 1, 2013
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first, it was arouround one of fiscal cliff and now round two sequester cuts leading up to round three, a possible government shutdown on march 27th. we're less than 24 hours away from the deadline for $85 billion worth of sweeping spending cuts to go into effect. today president obama is meeting with congressional leaders from both parties to come up with a deal to find other places to cut money. expectations are low that a solution will be reached. according to the white house, california will see an immediate impact once the cuts go into effect including more than $87 million in funds cut for primary and secondary education, more than $1 million in grants cut for public safety, more than $3 million in funding cut for job training and job search health. bay area airports facing for big changes. "today in the bay's" bob redell live at san francisco international which may have to cut the number of flights in and out drastically. bob? >> reporter: good morning to you, terry. let's say sequestration does happen. the government is warning that starting in 30 days you can experience long
first, it was arouround one of fiscal cliff and now round two sequester cuts leading up to round three, a possible government shutdown on march 27th. we're less than 24 hours away from the deadline for $85 billion worth of sweeping spending cuts to go into effect. today president obama is meeting with congressional leaders from both parties to come up with a deal to find other places to cut money. expectations are low that a solution will be reached. according to the white house, california...
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Jan 3, 2013
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of course this is reaction to the temporary end of the fiscal cliff. stocks also sold off in the last couple weeks leading up to the end of the year on the worries that the economy would be affected by huge spending cuts and tax hikes. >>> looking at nothing. looking at absolutely nothing. you are looking at me. here is video of al jazeera english. the parent company of this network says it is going to buy san francisco's current tv as a way of gaining access to the american cable market. under the plan as we understand it, it's going to launch a new channel specifically for the united states called al jazeera america. current television was founded by al gore and never caught on with audiences. our parent company, comcast, is a very small investment in current. current will eventually become al jazeera america and open up new bureaus in the united states. >> very interesting to watch. keith olbermann, al gore connection. >> al gore will stay as a board member in the current talent will obviously be leaving and not appearing on al jazeera. >> thank you
of course this is reaction to the temporary end of the fiscal cliff. stocks also sold off in the last couple weeks leading up to the end of the year on the worries that the economy would be affected by huge spending cuts and tax hikes. >>> looking at nothing. looking at absolutely nothing. you are looking at me. here is video of al jazeera english. the parent company of this network says it is going to buy san francisco's current tv as a way of gaining access to the american cable...
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Jan 9, 2013
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we are barreling towards fiscal cliff part two, the sequel to what we just have seen. some people say the debate coming up could be worse over the debt ceiling and spending. do you want to see the republican party stand firm and refuse to raise the debt ceiling until there are severe, dramatic and severe spending cuts, keeping in mind the last time we debated this, the credit rating of the united states is lower. are you willing to risk that again? >> i think we need to stand firm on getting some real significant spending reductions. we've now done what the president wanted to do. he wanted to raise taxes on the highest earning americans and republicans have now acquiesced to that. now it's time for the president to stand up and say here is what i need to do. if he's going to be a credible compromiser, he needs to stand up. >> do republicans refuse to raise the debt limit if those spending cuts are not deep enough? >> we've got a bunch of different options at our disposal. continuing resolution coming up in march. you have a number of other things that you can do that
we are barreling towards fiscal cliff part two, the sequel to what we just have seen. some people say the debate coming up could be worse over the debt ceiling and spending. do you want to see the republican party stand firm and refuse to raise the debt ceiling until there are severe, dramatic and severe spending cuts, keeping in mind the last time we debated this, the credit rating of the united states is lower. are you willing to risk that again? >> i think we need to stand firm on...